Tiago Duarte-Silva

Dr. Duarte-Silva has provided written and oral opinions in litigation in US federal and state courts, including the Delaware Court of Chancery, in non-US courts, in domestic and international arbitrations, and before the US Department of Commerce. He has experience in proceedings under both common law and civil law and has also been appointed directly by arbitral tribunals as an independent expert. Dr. Duarte-Silva communicates and testifies in English, Portuguese, and Spanish and has testified under a range of arbitral rules, including ICSID, PCA, ICC, LCIA, SIAC, HKIAC, SCC, JAMS, AAA, and UNCITRAL. He coordinates CRA’s international arbitration group, which has been recognized by Jus Mundi as the most active expert firm in arbitration globally and by GAR as handling the second highest average claim size among all expert firms.

For ten years, Dr. Duarte-Silva taught valuation in Boston College’s MBA program. He performs valuations and accounting analyses in M&A disputes and price adjustments, appraisal actions, shareholder disputes including minority shareholder oppression, failing firm analyses, restoration of economic equilibrium, countervailing duties, and related matters.

Dr. Duarte-Silva’s professional experience also includes working with investment banking clients on live deals, advising on companies’ capital needs, analyzing earnings and other corporate developments in real time, and issuing fairness opinions on pricing, terms, and board review processes.

His experience in commercial and investment disputes covers lost profits and loss of value arising from breach of contract, breach of representations and warranties, and direct or indirect expropriation in investment treaty disputes, as well as financing and replacement costs, commercial reasonableness, economic incentives, reputational harm, and irreparable harm. His assignments have included project finance and infrastructure disputes, long-term supply, distribution, concession, and offtake agreements, complex financial instruments and financing arrangements, project delays and cost overruns, tax and regulatory measures, and disruptions to supply and other commercial relationships.

His expertise in securities and other financial markets disputes includes advising on market manipulation matters, fraud-on-the-market assessments, event studies, damages or settlement analyses within Rule 10b-5 and Section 11 matters, and insider trading. His testimony has led to denial of class certification and a shorter class period on market efficiency grounds, both rare outcomes.

Counsel and parties have noted that his “impeccable credentials and intellectual honesty grant him exceptional credibility,” that “Tiago made a considerable contribution to our theory of the case. I would strongly recommend him to any counsel in need of a leading quantum expert,” and that he is “renowned for his excellent reputation in the assessment of the quantum of damages,” “very experienced and knowledgeable,” “always calm, competent, and reactive to resolve issues,” “quick to respond and takes ownership of the issues he works on,” and “knowledgeable, practical and creative in providing solutions.” He is recognized in legal directories, including as a Global Elite Thought Leader by Lexology.

His case experience spans industries such as financial services, technology, pharmaceuticals, manufacturing, infrastructure, telecom, renewable energy, distribution, media, oil & gas, and mining. His expertise in mining has been recognized repeatedly in the Client Choice Awards, based on Lexology’s survey of in-house counsel (“Tiago has an unparalleled grasp of how all aspects of a mining project affect valuation”).

Dr. Duarte-Silva frequently writes and presents about damages, quantum, and other themes, and has published in the Journal of Financial Economics, the Journal of Applied Corporate Finance, Finance Research Letters, the Journal of International Arbitration, Law360, Global Arbitration Review, ITA Review, and the World Arbitration and Mediation Review. He has been a speaker at MIT, Harvard Law School, law firms, other institutions, and conferences. He also serves on the Board of Directors of the Chicago International Arbitration Center, the Advisory Board of the Boston International Arbitration Council, and the Experts’ Task Force of the Institute for Transnational Arbitration (ITA).

The parties or assets at stake in his matters have been from the U.S., United Kingdom, Brazil, Canada, Angola, Chad, Democratic Republic of the Congo, Eritrea, Ethiopia, Ghana, Guinea, Mozambique, Niger, Nigeria, South Sudan, Zimbabwe, Armenia, Azerbaijan, Belarus, Belgium, Czechia, Germany, Italy, Kazakhstan, Kyrgyzstan, Poland, Portugal, Romania, Russia, Slovakia, Tajikistan, Türkiye, Ukraine, Uzbekistan, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Suriname, Venezuela, Australia, P.R. China, India, Japan, Korea, Mongolia, Myanmar, Pakistan, Saudi Arabia, Thailand, and the UAE.

He has worked on behalf of corporations and their officers and directors, investors, hedge funds, sovereign states and entities, private equity firms, financial institutions, auditors, the Securities and Exchange Commission, and other US and foreign regulators.